Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



Why won't they talk to me? - Paula Reynolds/FL
6/8/2011 3:29:46 PM (2488 views)

[+] If you owe money ... - Dan Zook/NY (3 replies)
6/8/2011 10:42:51 AM (2973 views)

[+] Essex South ROD Robo Rejection Letter - Leigh Attridge/MA (8 replies)
6/7/2011 1:24:07 PM (3745 views)

[+] Urban Settlement - Catherine Jackson/NC (3 replies)
6/7/2011 7:29:16 AM (2883 views)

[+] Bank of America Gets Pad Locked After Homeowner Forecloses On It - Edward Huguenin/SC (5 replies)
6/5/2011 2:22:12 AM (3872 views)


Real Title Services


[+] FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Paul /FL (2 replies)
6/4/2011 8:15:00 PM (3084 views)

[+] 7 years ??? - monica froese/ME (2 replies)
6/3/2011 7:18:48 PM (3035 views)

Thanks Rob at Watchdog - Nils Nelson/ME
6/2/2011 4:46:51 PM (2468 views)

[-] I don't get it - Nils Nelson/ME (1 reply)
6/2/2011 4:16:10 PM (3040 views)
Re: I don't get it - William Pattison /CA
6/6/2011 11:20:31 PM (2999 views)

These "vendor firms" are a study in how a domestic market pushes back against off-shoring competition, as well as an interesting experiment in modern digital communcation.

I've encountered many problems with them:

1.  Contradictory terms in their service contracts that nobody seems able to fix (the send them out through low level managers who have no authority to modify or negotiate the contract).

2.  Their fixed pricing is too high to compete with $6 in India, but too low to pay a reasonable rate for what they expect of the abstractor, often not paying for county copy costs and asking for 50-year searches for pennies on the dollar.

3.  Many do not understand the distinction between an independent contractor, an employee and ordering a set report product from another business, including the copyright issues that can come with each of those different classifications.

4.  Some of them have taken the same vendor contract and reused it with the company name changed.   The original had spelling and grammar errors, not to mention poorly written terms that are either unenforcable, outside the bounds of good standards and practices for our industry, or simply unintelligible as to their intent.  Some of the provisions put a burden on the abstractor that is harsh;   no payment without a pile of checks with no counter-checks in place for the abstractor's peace of mind.

5.  These contracts create a lowest common denominator for service.  Added bonus materials that I'll put into any report for a client at no added cost in time or money would be omitted from such vendor packages due to the liability in confusion that we've often run into with their sometimes poorly educated staff.  Too much hassle and headache to deal with this sort of drama.

 

I recommend rejecting these vendor proposals, raising  your rates, pounding the pavement harder and over a wider range of geographic territoriy and product offerings and referring people to other abstractors from SOT when a request falls outside your ability.  It's what we do and we are not bound by weird non-compete, non-disclose terms or nonpaying vendor firms. 

Capitalism is marked by competion, not cooperation.

to post a reply: login - or - register



[+] Comment on "It Sometimes Pays to Check a Map" - Source of Title/OH (2 replies)
6/2/2011 1:07:35 PM (2774 views)

[+] Accurate Group - Sandra Harold/KS (9 replies)
6/2/2011 9:28:47 AM (4090 views)

National Settlement Services & Compliance Summit - CHARLENE  PERRY/MD
6/1/2011 2:54:31 PM (2449 views)

"Renter Nation? - Give Me a Break" - Leigh Attridge/MA
6/1/2011 1:59:41 PM (2959 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:20:44 PM (2303 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:18:38 PM (2544 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Home buyers are more active this fall.....
Michael Stelzer's Blog
2025/11/27
0 comments

Fannie Mae Drops Minimum Credit Scores
Security American's Blog
2025/11/10
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates crept higher last week, with the 30-year fixed rate up to 6.4 percent, its highest level since ear...
NAR Pending Home Sales Report Shows 1.9% Increase in October
"The Midwest shined above other regions due to better affordability, while contract signings retreated in the more expen...
WFG National Title Insurance Company and Palm Agent Partner to Elevate Customer Experience and Accelerate Continued Growth
Delistings are increasing faster than overall listings are increasing. Nationwide, 5.5% of all home listings were taken ...
Delistings Jump 28% as Sellers Pull Homes Off Market Rather Than Settle For Low Prices
Delistings are increasing faster than overall listings are increasing. Nationwide, 5.5% of all home listings were taken ...
Title Company Owner and Real Estate Investor Admit Mortgage Fraud, COVID-19 Relief Program Fraud Schemes
In June 2020, co-defendant Arthur Spitzer conspired with Deutsch and Feldberger to make it appear as if Spitzer owned th...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.